Surge in Rental Prices

June 2, 2020
Property Deals Insight
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Surge in Rental Prices

Product Update

Property Deals Insight

Introducing Property Deals Insight 2.0

We recently redesigned our website to make it easier to navigate between our various features and have included more detailed examples of what you can do with Deal Finder and Property Insights.

Every new account now comes with a credit of 6 free tokens, which means that you can get 3 property valuation reports or 3 searches on Deal Finder!

And we’ve added more results in Deal Finder: you’ll now get 100 to 200 listings depending on what is available in your target area.

So go check it out today!

Market Updates

Property Deals Insight

Rent Prices Surge in North West

Newly released data from The Mistoria Group has revealed that that rent prices in the cities and towns in the Northern Powerhouse have risen by an average of 17%, with rental cash yields of 9% in Salford and 7% in Liverpool and Bolton.

As rental growth in London continues to slow, values in the North East, North West, East Midlands, Scotland, Yorkshire & Humberside, Northern Ireland and Wales are all rising at a rate faster than the UK average.

With our Property Heat Map, you can find specific high-yield areas in the UK which you can filter by the number of bedrooms, average sales price and rent price!

Property Deals Insight

Demand for Rental Property Increases by a Third

Demand for rental property is up 33% compared to this time last year as market restrictions ease and renters plan for the near-term future, according to Rightmove.

Monday 18th May saw the highest level of rental demand ever recorded in one day on the property website.

The biggest increases in rental searches compared to last year are in Rotherham (+97%), Cambridge (+77%) and St Helens (+75%)

Property Insight

Property Deals Insight

Halifax: 2 Bed Semi-Detached House

This week’s property valuation is a semi-detached 2 bed in Halifax with an estimated value of £157,567 and an estimated rental yield of 4%.

Below is a snapshot of the valuation we got when we entered the property’s details into our valuation engine:

Property Deals Insight

With Property Insights you’ll also get:

– Cash Flow analysis and B2L analysis
– Details of Similar Properties
– Flip Analysis and ROI calc
– Rental Comparison
– Recent Sales

Deals of the Week

Repossession

Property Deals Insight

Doncaster: 2 Bed Terraced House

This week’s repossession deal is a spacious 2 bedroom terraced house in Doncaster.

It was first listed on the 27th of February 2019 for £62,000 but has since been reduced by 19% to £50,000.

Below is a breakdown of the expected yield and cash flow on an average Buy2Let mortgage on this property.

Property Deals Insight
Property Deals Insight

Buy Refurb Sell

Property Deals Insight

Bolton: 1 Bed Flat

This week’s buy-refurb-sell deal is a 1/2 bedroom, ground floor apartment in need of some refurbishment in Bolton.

It was first listed on the 6th of December 2019 for £69,950 but has since been reduced by 21% to £55,000.

Below is a breakdown of the expected yield and cash flow on an average Buy2Let mortgage on this property.

Property Deals Insight
Property Deals Insight

Bargain Deal

Property Deals Insight

Preston : 2 Bed Flat

This week’s bargain property is a 2-bed flat in Preston with a projected gross rental yield of 14%.

It was first listed on the 11th of October 2019 for £90,000 but has since been reduced by 22% to £70,000.

Below is a breakdown of the expected yield and cash flow if you bought this property at the listed guide price.

Property Deals Insight
Property Deals Insight